The price of gold was ticking lower Friday morning as the U.S. dollar was trading firm versus a basket of currencies ahead of jobs data.

Gold for June delivery, the most actively traded contract, was down $5.00 to $1,434.90 an ounce. Yesterday, gold gained $15 amid a weak U.S. dollar and inflation concerns.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, edged down to 1,211.23 tons from 1,211.84 tons.
Meanwhile, the U.S. dollar was leveling off from its 2-week low versus the euro, while trading flat against sterling. The buck was trading firm against the Swiss franc and rose to a 2-month high against the yen.
Euro zone unemployment rate dropped slightly in February after staying unchanged in the previous two months, today's data from the Eurostat showed. The seasonally adjusted jobless rate was 9.9 percent, in line with economists' expectations and down from an upwardly revised 10 percent in January.
Elsewhere, the prices of silver and platinum were ticking lower in morning deals.
In economic news, the U.S. Labor Department will release its monthly non-farm employment report at 8.30 a.m. ET. Economists expect the economy added 180,000 new jobs, while the unemployment rate is seen unchanged at 8.9 percent.
Later during the session, the Institute for Supply Management will release its results of its manufacturing survey for March. Economists expect the index to show a reading of 61.0 for March.
Separately, the Commerce Department will release a report on construction spending for February. Economists anticipate that construction spending declined by 0.1 percent during the month.
(Source: RTT News)